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US Chevron to shut their Saudi Arabian unit in Kuwaiti oilfield

by ChemOrbis Editorial Team -
  • 28/04/2015 (16:34)
According to media sources, Chevron plans to shut their jointly operated Saudi Arabian unit located in the Neutral Zone between Saudi Arabia and Kuwait. Chevron’s joint Wafra onshore oilfield is could be shut in May.

The company pointed to the problems when getting work permits from Kuwaiti authorities on behalf of their expatriate staff for the closure decision.

A source from the company reportedly said that the difficulties in securing work permits and materials may impact the company’s ability to safely continue production. However, it was also underlined that efforts continue in order to solve the problem.

Should Wafra oilfield be closed, Kuwait would feel the effects of this loss the most. Wafra oilfield is reported to have 200,000-250,000 bbl/day of heavy crude oil production capacity.
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